Hangzhou of east China's Zhejiang Province, known as a digital capital in 
China, is beefing up efforts to seize the opportunity of the next golden 
development period of integrated circuit (IC) and high-end chip industry.

An official from Hangzhou Investment Promotion Bureau introduced that leading 
IC enterprises of Hangzhou are mostly based in the Binjiang district, and the 
city will integrate the enterprises scattered in other districts for overall 
development.

"According to the current development plans, Hangzhou will extend its IC 
industry from designing to producing and highlight chip production in key 
areas, to build core competitiveness of the industry and construct an industry 
cluster," said the official.

The city has issued several documents and has gradually found its own 
development path. In a development plan issued in 2017, Hangzhou set the goal 
for total income from main business of the city's IC enterprises at 50 billion 
yuan by 2020.

Hangzhou's solid foundation for IC industry development as well as sound 
planning and implementation road-map makes a promising future of the industry. 
In fact, the scale of Hangzhou's IC industry has been expanding, especially in 
IC designing in the recent years.

According to the report on Hangzhou's IC designing industry, the income from 
main business of the city's IC companies reached 20.5 billion yuan in 2018, and 
the total value of the IC designing industry amounted to 12.7 billion yuan, 
with a growth rate of more than 30 percent, overtaking Wuxi of Jiangsu Province 
at the fourth place of China.

In Zhejiang, Hangzhou has become an absolute core of IC designing industry, as 
more than 85 percent of Zhejiang designing companies are located in Hangzhou 
and they generate over 95 percent of revenue of the industry. Besides, Hangzhou 
has made remarkable progress in packaging, materials and equipment of IC, and 
silicon materials production is already in the lead in China.

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SOURCE: Xinhua Silk Road Information Service